1. Why might someone believe the business world needs exterior ethical monitoring and correction?2. What is the argument that the business world can regulate itself, and why is that an ethics?3. In your own words, why is business ethics unavoidable?
Explanation:
Business ethics are inevitable, since all human behavior in society comes from ethical principles, that is, ethics is inherent to every individual and guides personal or professional relationships.
It is believed that the business world needs external ethical monitoring and correction due to the fact that, there is a view that companies are looking for profit above all else, which could use unethical behavior to achieve their goals and goals, using fraud and cheating to be more competitive and profitable, and external ethical monitoring and correction are then responsible for controlling such advantage-gaining maneuvers.
Therefore, there is an argument for self-regulation in the business world and this is an ethics in the sense that the market will regulate unethical actions, since there is a social search for what is ethical and responsible, which generates an collective force that transmutes behavior and leads companies to regulate themselves so that they are agents of behavior valued by their stakeholders.
Which of the following best describes a liability? A. Liabilities are future economic benefits to which a company is entitled. B. Liabilities are a form of share capital. C. Liabilities are accounts receivable of the company. D. Liabilities are economic obligations to creditors to be paid at some future date by the company.
Answer:
The answer is D
Explanation:
Liabilities are present obligations(economic obligations) arising from past actions and the settlement of which results in an outward economic benefits. Liabilities are forms of debts that must be paid back to lenders or creditors.
Liabilities can be current (within 12 months e.g accounts payable) and non-current(more than 12 months e.g bonds).
Write 5-7 words that are similar to marketing. What words come to your mind when you think of marketing?
Answer:
sell, retail, trade, advertise, promote, buying,
Explanation:
_________is the part of the marketing mix that aims at satisfying consumers by providing features and benefits. (Enter one word in the blank.)
Answer:
Product
Explanation:
The marketing mix can be defined as a strategy developed by Kotler, which defines 4 essential pillars for a marketing strategy to be carried out effectively and generate positive results for a company, are the so-called 4 P's of marketing, which are: Product , place, price and promotion.
The product is what the company will offer in the market to bring you financial returns, and it must exist fulfilling a series of essential requirements for it to be successful and accepted by consumers, for this the company must carry out a series of researches that will help to shape the product according to the needs and preferences of the potential audience, and then develop a strategy that is successful and makes the product well accepted and creates value for the consumer.
Data communication applications support just-in-time delivery of goods, which reduces ________.
Answer:
inventory costs and improves the competitive edge
Explanation:
Data Communication Application is a term used to describes applications that are used for transferring messages between users over the internet, often based on mobile and PC platforms. Messages and vital information can be transferred across continents or anywhere in the world, without stress other than the cost of internet data.
Hence, Data communication applications support just-in-time delivery of goods, which reduces "inventory costs and improves the competitive edge."
Which of the following is involved with creating an Operational Definition for a measure?A. Determine the start and stop points of a cycle time measureB. Assessing the risk of a process changeC. Determining the customer of the processD. Selecting the process team
Answer:
C. Determining the customer of the process
Explanation:
Operational Definition is a clear and detailed definition of measure adopted before the gathering and collecting of all data in a given situation. This measure is used to arrive at the conclusion of whether the data collected shows that, something is defective or not.
Which oif the following statements about planned obselence is true?A. Environmentalists supports planned obsolescence.B. A company that produces a quality product would never engage in planned obsolescence. C. Style modification creates planned obsolescence.D. Planned obsolescence is for services only.E. All of the statements about planned obsolescence are true.
Answer: C. Style modification creates planned obsolescence.
Explanation:
Planned obsolescence also referred to as the premature obsolescence or built-in obsolescence is when a product is designed with a limited useful life which is artificial, so that the product later becomes obsolete after a period of time. It should be noted that style modification creates planned obsolescence as there's always need to try out new things and evolve.
If a company has a required rate of return of 15%, should the following project be accepted based on these expected cash flows below?Year 0 1 2 3 4 5 6 Cash Flow (274,000) 68,000 73,000 76,500 78,000 82,500 77,000 Please explain why or why not the company should move forward with this endeavor.
Answer:
Yes
Explanation:
In order for deciding whether the company should forward or not, we have to find out the net present value which is shown below:
Year Cash flows Discount factor Present value
0 -274000 1 -274000
1 68000 0.8696 59130.43
2 73000 0.7561 55198.49
3 76500 0.6575 50299.99
4 78000 0.5718 44596.75
5 82500 0.4972 41017.08
6 77000 0.4323 33289.22
Total present value 283531.97
Net present value 9531.97
Since the net present value comes in positive so the project should be accpeted
Which of the following is true concerning the statement of cash flows? a. When pension expense exceeds cash funding, the difference is deducted from investing activities on the statement of cash flows.b. The FASB requires companies to classify all income taxes paid as operating cash outflows.c. Under GAAP, the purchase of land by issuing stock will be shown as a cash outflow under investing activities and a cash inflow under financing activities.d. All of these are true concerning the statement of cash flows.
Answer: a. When pension expense exceeds cash funding, the difference is deducted from investing activities.
c. Under GAAP, the purchase of land by issuing stock will be shown as a cash outflow under investing activities and a cash inflow under financing activities.
Explanation:
The cash flow statement gives information about the financing, operating, and investing, activities of a firm during a period.
Of the options, the ones that are true are:
a. When pension expense exceeds cash funding, the difference is deducted from investing activities.
c. Under GAAP, the purchase of land by issuing stock will be shown as a cash outflow under investing activities and a cash inflow under financing activities.
Therefore, options A and C is the right answer
Agency conflicts between managers and shareholders Consider the following scenario and determine whether an agency conflict exists: Alexander and Akiko equally own and manage A New Beginning (ANB), a store that sells preowned clothing and furniture. Alexander is responsible for ANB's back-office activities, and Akiko staffs the store and makes deliveries to customers. Both have equal decision- making authority and, under the terms of their partnership agreement, both are prohibited from making personal purchases using company funds without prior approval of the other partner. Alexander, without Akiko's knowledge, used the company's bank account recently to purchase a new sports car. Alexander has acknowledged that the car will not be used to support the business. Is this a potential agency conflict between Alexander and Akiko? A. Yes; Alexander is misappropriating some of Akiko's wealth by unilaterally purchasing a nonbusiness asset using ANB's funds. B. No; Alexander and Akiko are both authorized to spend ANB's money, so no conflict of interest can occur. C. No; Alexander and Akiko co-own and co-manage ANB and have a partnership agreement that makes them equal, so an agency conflict cannot exist. D. Yes; it should have been Akiko who purchased the car. Consider the following scenario and determine whether an agency conflict exists: Five years ago, Tae created a plant-care business that grew, stocked, and maintained fresh plants in office buildings throughout Houston. Over time, The Green Zone Inc. (TGZ) has grown from a proprietorship into a corporation, now reaching far beyond Houston. To finance and support this growth, TGZ issued shares that were sold to TGZ employees, Tae's family members, and selected outsiders. Tae is TGZ's chairman of the board of directors and CEO, but he is no longer the largest shareholder. At the latest annual meeting, two mutually exclusive proposals were placed on the ballot for discussion and vote. The first was put forth by Tae and TGZ's management team, and the second was proposed by a small group of other shareholders. Both groups are adamantly opposed to the other group's proposal, even though both proposals would likely have the same effect on TGZ's value and riskiness. Does an agency conflict exist between TGZ's management and the small group of opposing shareholders? A. Yes; any conflict or disagreement between the firm's managers and its shareholders constitutes an agency conflict. B. No; although an agency relationship exists between TGZ's management-including Tae as TGZ's chairman and CEO and the firm's shareholders-there is no agency conflict, because no expropriation or wasting of the shareholders' wealth has occurred. C. Yes; an agency relationship exists, and an agency relationship always gives rise to agency conflicts, regardless of the actual behavior of the participants. D. No; Tae was the original owner of TGz, so he would always be sensitive to the concerns of the firm's current owners (shareholders) and would not engage in an agency conflict. For the past 40 years, companies have attempted to attract, retain, and encourage managers by developing attractive compensation packages. These compensation packages have also been intended to reduce potential agency conflicts between these managers and the firm's shareholders. In the best interest of shareholders, compensation packages should be structured in a way such that managers have an incentive to maximize the______value of the company's common stock price. In addition to well-designed executive compensation packages, two other motivational forces can align the interests of managers with those of their shareholders. Which of the following actions could be used to reduce the potential for these agency conflicts and ensure that the firm's managers will pursue the long-term wealth interests of their shareholders? In the late 1980s and early 1990s, Congress passed legislation making it more difficult for outside investors to stage hostile takeovers. This legislation likely______conflicts between managers and stockholders.
Answer:
Agency conflicts between managers and shareholders
1. A New Beginning (ANB)
A. Yes; Alexander is misappropriating some of Akiko's wealth by unilaterally purchasing a nonbusiness asset using ANB's funds.
2. The Green Zone Inc. (TGZ):
B. No; although an agency relationship exists between TGZ's management-including Tae as TGZ's chairman and CEO and the firm's shareholders-there is no agency conflict, because no expropriation or wasting of the shareholders' wealth has occurred.
3. In the best interest of shareholders, compensation packages should be structured in a way such that managers have an incentive to maximize the__LONG-TERM____value of the company's common stock price.
4. In addition to well-designed executive compensation packages, two other motivational forces can align the interests of managers with those of their shareholders.
a. Reward the manager with a combination of salary and stock options
b. Let the manager to understand that a takeover can happen if she does not perform well.
5. In the late 1980s and early 1990s, Congress passed legislation making it more difficult for outside investors to stage hostile takeovers. This legislation likely__increases____conflicts between managers and stockholders.
Explanation:
Agency conflicts of interest exist in any relationship where one party is expected to act in another's best interests. Agency problems or conflicts of interest usually exist between a company's management and the company's stockholders. But, it can equally exist in a relationship where one party acts against the interest of the other.
Identify the key elements in McDonald's global expansion strategy.
Answer:
The Plan to Win initiative is built around five factors that drive McDonald's business: people, products, place, price, and promotion.
For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period, interest rate, and n number of years EV of $1, PV of $1, EVA of $1 PVA of $1, EVAD of $1 and PVAD of $. Use appropriate factor(s) from the tables provided. Present Value Annuity Amount i = n =1 2,600 8% 52. 507,866 135,000 ___ 43. 661,241 170,000 9% ____4. 540,000 78,557 ___ 85. 230,000 ____ 10% 4
Answer:
1) Present Value = $10,381
2) i = 3%
3) n = 5
4) i = 4%
5) Annuity amount = $72,558
Explanation:
Given that;
No. Present Value Annuity Amount i = n =
1. ______ 2,600 8% 5
2. 507,866 135,000 ___ 4
3. 661,241 170,000 9% ___
4. 540,000 78,557 ___ 8
5. 230,000 ____ 10% 4
Assume that interest is compounded annually and that all annuity amounts are received at the end of each period, interest rate, and n number of years EV of $1, PV of $1, EVA of $1 PVA of $1, EVAD of $1 and PVAD of $.
we know that
Present value = Annuity amount × Discount factor at i% for n years
1) Present value = 2600 × Discount factor at 8% for 5 years
from the annuity table ( n = 5, i =8% :- 3.99271)
Present Value = 2600 × 3.99271 = $10,381
2) 507,866 = 135,000 × Discount factor at i% for 4 years
Discount factor at i% for 4 years = 507,866 / 135,000
Discount factor at i% for 4 years = 3.761970
Check Present value annuity table in period 4 row for 3.761970
i = 3%
3) 661,241 = 170,000 × Discount factor at 9% for n years
Discount factor at 9% for n years =661,241 / 170,000
Discount factor at 9% for n years = 3.88965
Check Present value annuity table in 9% column for 3.88965
n = 5
4) 540,000 = 78,557 × Discount factor at i% for 8 years
Discount factor at i% for 8 years = 540,000 / 78,557
Discount factor at i% for 8 years = 6.8739895
Check Present value annuity table in period 8 row for 6.8739895
i = 4%
5) 230,000 = Annuity amount × Discount factor at 10% for 4 years
from the annuity table ( n = 4, i =10% :- 3.169865)
230,000 = Annuity amount × 3.169865
Annuity amount = 230,000 / 3.169865 = $72,558
You work for a drywall company and are trying to secure a contract with a large commercial builder. The purchasing agent from the commercial builder is in town and staying at the Ramada Inn. You contact him by phone and set up a meeting. You tell him, "I’ll meet you at your hotel in an hour." You arrive at the Ramada Inn’s lobby a few minutes early. You take a seat, watching the elevator for the purchasing agent. You wait. Twenty minutes later, you’re still waiting. You ask the front desk to ring the agent’s room. The agent answers, "You’re late. I’ve been waiting for you for 15 minutes."
What communication barrier is described in this situation?
a. Distractions
b. Bypassing
c. Lack of language skills
Answer:
B
Explanation:
Bypassing is a type of communication barrier were two people communicating think they understand each other but actually they miss each other's meaning.
I and the purchasing agent thought we had effectively communicated and set up a meeting but in reality, we hadn't agreed on a meeting venue.
Answer:
B
Explanation:
I Know i am in the future
Prompt
What is revenue?
It is gross profit.
Explanation:
revenue less all the expenses is profit. Example, you run a business you sold merchandise and the return from that merchandise is called revenue because the expenses like salary expense, depreciation, conveyance expense et cetera are not deducted from the cost of goods that you sold.
Answer:
the answer above is correct 100%
Explanation:
PlanetsProject: Scale Model of the Solar System if anybody do this project help us out
PTR#2095
What should you do before you approach an ATM?
Make sure it is hidden so no one will see you withdraw money.
Share a picture of your debit card with your friends.
Check for any suspicious people lurking nearby.
Ask someone nearby for help using the ATM.
Before approaching an ATM, it is crucial to take certain precautions. Firstly, ensure the area is not openly visible, providing some level of privacy during your transaction.
What are the precautions to take?Secondly, never share pictures of your debit card with anyone, including friends, to protect your personal and financial information. Thirdly, be observant of your surroundings and watch out for any suspicious individuals who may be lurking nearby, as they could potentially engage in criminal activities.
Lastly, avoid seeking help from strangers at the ATM, as it is best to handle your transactions independently to minimize the risk of fraud or theft.
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Using time value of money tables, calculate the following.
(a) The future value of $450 six years from now at 7 percent.
(b) The future value of $900 saved each year for 10 years at 8 percent.
(c) The amount a person would have to deposit today (present value) at an interest rate of 6 percent to have $1,000 five years from now.
(d) The amount a person would have to deposit today to be able to take out $600 a year for 10 years from an account earning 8 percent.
Answer:
a. $675.33
b. $1,943.03
c. $747.26
d. $4,026.05
Explanation:
a. Future Value
Pv = - $450
Pmt = $ 0
p/yr = 1
n = 6
r = 7 %
Fv = ?
With the above parameter available, the future value, Fv is $675.33
b. Future Value
Pv = - $900
Pmt = $ 0
p/yr = 1
n = 10
r = 8 %
Fv = ?
With the above parameter available, the future value, Fv is $1,943.03
c. Principal Amount
Pv = ?
Pmt = $ 0
p/yr = 1
n = 5
r = 6 %
Fv = $1,000
With the above parameter available, the future value, Pv is $747.26
d. Principal Amount
Pv = ?
Pmt = $ 600
p/yr = 1
n = 10
r = 8 %
Fv = $0
With the above parameter available, the future value, Pv is $4,026.05
How can i use knowledge of OB to enhance my job performance and career?
Explanation:
Organizational behavior (OB) put simply, refers to the study of how people in an organization behave within groups. Thus, knowing how people behave in a particular organization can help one enhance his or her job performance and career.
For example, a manager who understands that his employees are more concerned about their welfare such as their safety rather than bonuses would have a better opportunity to build good relationships with employees, thereby enhancing his or her job performance and career.
How can mobile connectivity accelerate decision making and problem solving in an organization?
Answer: By giving information to the right user, exactly when it is needed
Explanation:
The overall evaluation scores of a laptop based on its processor, portability, screen size, touch, and computer memory are 75, 62, 63, 55, and 89, respectively. The importance of which of the following attributes is most likely to be emphasized by a salesperson when selling the laptop?
Answer: c. Computer Memory
Explanation:
The salesperson will most likely try to shore up the advantages and importance of the best performing attribute of the laptop to show its efficiency.
In this case that would be the computer's memory. Given an evaluation rating of 89, this is the best performing attribute of the computer based on the given information and so its importance will be emphasized by the salesperson as a testament of the laptop's ability to meet the customer's demands.
What are the four main types of access proposed by Andersen (1997)?
Explanation:
They are:
potential accessrealized accessequitable or inequitable accessefficient and effective accessAccording to Andersen, Potential access refers to the availability of resources that would allow an individual to seek care if needed. The Realized access is viewed as the actual use of the care, that is, the individual realizes (or makes use of ) the potential access. Further, Andersen describes Equitable access as a type of access driven by demographic characteristics and need. While Inequitable access results not from demographic characteristics and need but from the individual's social structure, health beliefs, and enabling resources.
A
How can I apply JOB in practical ways to increase my effectiveness?
Unclear question. I inferred from a general perspective.
Explanation:
Most job applications involve a proper understanding of the job description. This allows you to compare your skills and experience with what the employer is looking for.
Also, it is important to complete all the required fields in the job application so that can state your interest in the job. Additionally, having a good social media profile that has does not have any disqualifying details, may be helpful so that employers do not look up your profile and then find reasons to dismiss your application.
Below are the account balances for Cowboy Law Firm at the end of December.
Accounts Balances
Cash $ 3,700
Salaries expense 1,350
Accounts payable 1,700
Retained earnings 4,550
Utilities expense 1,000
Supplies 12,100
Service revenue 7,600
Common stock 4,300
Required:
Use only the appropriate accounts to prepare an income statement.
Answer:
Cowboy Law Firm
Income Statement
Service revenue $7,600
Expenses:
Salaries expense $1,350
Utilities expense $1,000
Total expenses $2,350
Net income $5,250
The preparation of the income statement for the year ended December 31 is as follows:
Cowboy Law Firm
Income Statement
Service revenue $7,600
Expenses:
Salaries expense $1,350
Utilities expense $1,000
Total expenses ($2,350)
Net income $5,250
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Select the correct answer.
What is the average period that customers spend in a restaurant for a meal called?
OA. call-ahead seating
OB. open seating
OC. reservation
OD. residence time
Answer:
c
Explanation:
usually when ppl have to reserve things it's usually booked
For each of the following, insert one or more capital letters to identify the financial statements where the item is found. Some items are found on only one statement, while others appear on more than one statement.A. Net IncomeB. End-of-period retained earnings balanceC. Depreciation expenseD. Dividends declaredA) Income StatementB) Balance SheetC) Statement of Cash FlowsD) Statement of Retained Earnings
Answer and Explanation:
The classifications are as follows
A. For net income:
Income Statement, Statement of Retained Earnings and cash flow statement in case when indirect method is followed)
B. For ending retained earning balance
Comes under Retained Earnings Statement and Balance Sheet
C. For depreciation expense
The Income statement, and cash flow statement in case when indirect method is followed)
D. For Dividend declared
Comes under Retained Earnings statement
Market failure implies that the market mechanism:_________.
Answer:
Leads the economy to the wrong mix of output
Explanation:
Market failure is the when there is an inefficient distribution of goods and services in the free market.
One of the types of market failure is externality
Externality is when the production or consumption activities of economic agents have effects on people not involved in the economic activity. Externality can either be positive or negative
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation
How do we apply economic decision making to resources which have alternative uses?
Answer:
Almost all resources can be called the scarce. As you are using scarce you have to use scarce inherently for one purpose
Explanation:
Economic decision making to the resources have different alternative uses of those resources. For example If a city wanted to build a cricket ground then the alternative of this resource is to be leave the land. The fundamental phenomena of economy is scarcity.
From then the resources are scarce, it is said the uses of the resources can make a decision that could make a decision to use it.
for example to make beverage you have to make some scarce resources. Opportunity cost is another alternative resources that is used by people to grow their economy
How easy is it for other companies to mimic or emulate what Danaher does? Why?
Answer: the hhhhhhhhhhhhhhhhhhhhhh
Explanation:
Answer:
Explanation:
the hhhhhhhhhhhhhhhhhhhhhh
A Process Breakdown Structure can provide a reasonable alternative to a Work Breakdown structure for an extensive development project if:__________.a. There are appropriate predecessor relationships in place.b. Phase exit criteria is firmly established.c. Deliverables are tightly aligned to milestones.d. Risk planning is included early in the project.
Answer: phase exit criteria is firmly establish
Explanation:
A work breakdown structure simply has to do with the completion of tasks in order to get the final product. The aim of the work breakdown structure is to keep project members focused and achieve their goals.
Process Breakdown Structure can provide a reasonable alternative to a work breakdown structure for an extensive development project if the phase exit criteria is firmly establish.
For each situation listed below, indicate the effect on the debit and credit column of the trial balance.a. Journal entry for sale on account was posted for $3,000 rather than $300. b. Cash balance was entered in credit column. Total column wasn't added correctly. c. Debits should have totaled $50,000 but accountant calculated $55,000. d. Revenue account balance entered in debit column rather than the credit column. d. Accounts Payable balance was entered in wrong column. Account had normal balance.
Answer and Explanation:
The indication of the following transactions are as follows in the trail balance
Particulars Debit Credit
a. Overstated Overstated
b. Understated Overstated
c, Overstated No effect
d. Overstated Understated
e. Overstated Understated
These are the effects for each of the given transaction
The purpose of a statement of retained earnings is to: __________.
Answer:
To determine the closing balance of retained earnings
Explanation:
First and foremost, retained earnings are an important part of the shareholders' equity. In a bid to ascertain the correct position of total shareholders' equity at year-end, it is important that a statement of retained earnings reconciling the opening retained with net income and dividends declared during the year is prepared.
The balance at the end of the year is the total accumulated earnings which have not been distributed to shareholders as dividends or which may be used to finance projects that increase shareholders' wealth